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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 563.5 $ 650.0
Fiduciary cash 1,380.0 1,383.2
Short-term investments 9.3 12.0
Commission, fees and other receivables 776.0 642.9
Fiduciary receivables 914.2 881.4
Reinsurance recoverable 142.7 831.0
Prepaid reinsurance premiums 379.6 393.2
Other current assets 190.8 202.3
Total current assets 4,356.1 4,996.0
Fixed assets, net 241.6 239.9
Operating lease assets 210.0 214.9
Goodwill 6,730.2 6,674.2
Amortizable intangible assets, net 1,581.6 1,595.2
Investments 25.4 22.4
Other assets 255.0 230.9
Total assets 13,399.9 13,973.5
Current Liabilities:    
Fiduciary liabilities 2,294.3 2,264.6
Losses and loss adjustment reserve 154.1 841.1
Unearned premiums 399.7 412.3
Accounts payable 342.7 286.5
Accrued expenses and other liabilities 375.8 541.5
Current portion of long-term debt 246.3 250.6
Total current liabilities 3,812.9 4,596.6
Long-term debt less unamortized discount and debt issuance costs 3,680.0 3,691.5
Operating lease liabilities 191.0 195.9
Deferred income taxes, net 563.5 584.0
Other liabilities 307.5 298.9
Shareholders’ Equity:    
Common stock, par value $0.10 per share; authorized 560.0 shares; issued 303.3 shares and outstanding 283.6 shares at 2023, issued 302.8 shares and outstanding 283.2 shares at 2022, respectively 30.3 30.3
Additional paid-in capital 907.9 919.7
Treasury stock, at cost 19.7 shares at 2023, 19.7 shares at 2022, respectively. (748.1) (748.0)
Accumulated other comprehensive loss (101.0) (148.4)
Retained earnings 4,755.9 4,553.0
Total shareholders’ equity 4,845.0 4,606.6
Total liabilities and shareholders’ equity $ 13,399.9 $ 13,973.5